The Puerto Rico Electric Power Authority, (PREPA) originally named the Puerto Rico Water Resources Authority (PRWRA) or Autoridad de las Fuentes Fluviales was created by Law #83 of May 2, 1941[1] during the governorship of Rexford G. Tugwell, an FDR "brain-truster".
Publicly-owned, PRWRA unified diverse regional and local electric power companies into one unified electric grid. Ruled by a Governing Board appointed by the Governor with the advice and consent of the Senate of Puerto Rico, it is run by an Executive Director appointed by the board.
PREPA currently serves close to 1.5 million clients. It owns the following five power plants[2]:
In addition, the company transmits and distributes electricity generated by the following two private producers:
The public corporation, through several subsidiaries, also provides fiber optic broadband services to private carriers and is studying the possibility of selling energy to the United States Virgin Islands with the installation of an underwater power cable between Fajardo, Puerto Rico and the island of St. Thomas, similar to the power cable with which it services its clients in the Puerto Rican island-municipalities of Vieques and Culebra.